The Department of Finance (DOF) said the national government's borrowing from local and foreign investors through the sale of debt papers demonstrated investor confidence in the Marcos administration. In a statement on Monday, Dec. 18, the DOF boasted President Marcos' multi-billion peso domestic...
President Marcos has issued an executive order creating the Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA), which will be tasked to ensure the effective integration, coordination and implementation of the various government investment and economic...
The Millennium Challenge Corp. (MCC), a US foreign aid agency, said the Philippines has demonstrated renewed commitment to improve governance, human rights, and fighting corruption. In a statement, Alice Albrigh, MCC chief executive officer, said that Philippines has met threshold...
After a seven-year hiatus prompted by human rights concerns, the Washington-led Millennium Challenge Corp. (MCC) has decided to resume providing grants to the Philippines. In a statement, Finance Secretary Benjamin E. Diokno said the US foreign aid agency that gives grant to developing countries...
The Development Budget Coordination Committee (DBCC) has increased its government revenue projection for this year due to stronger-than-expected collections and higher income from the customs and treasury bureaus. The DBCC, an interagency body responsible for setting the government’s...
As the Christmas holiday is just around the corner, the Department of Health (DOH) on Friday, Dec. 15, called on Filipinos to celebrate safely and responsibly by following its "Ligtas na Christmas" guidelines. (Keith Bacongco / Manila Bulletin File Photo) In a media forum held via Zoom, DOH...
The Philippine government has successfully locked in almost all of its existing loans with the World Bank, leading to savings of millions of dollars in taxpayer money, the Department of Finance (DOF) has announced. Finance Secretary Benjamin E. Diokno said the Bureau of the Treasury has...
The Marcos administration has secured the initial funding required to construct the Bataan-Cavite Interlink Bridge (BCIB), which, upon completion, will rank as one of the longest marine bridges globally. After the signing of a $2.11 billion loan from the Asian Development Bank (ADB), Finance...
BUTUAN CITY – The government has released 88,124 family food packs (FFPs) to earthquake-affected families in Surigao del Sur. The Department of Social Welfare and Development (DSWD)-Caraga based here said they are still attending to the needs of families who are still in evacuation centers as...
The National Economic and Development Authority (NEDA) announced that President Marcos has extended the temporary reduction of tariffs on key agricultural products to mitigate the impact of the El Niño phenomenon on consumer prices. NEDA Secretary Arsenio M. Balisacan said Malacañang has given...
The Department of Agriculture (DA) has underscored the importance of private sector involvement in expediting the modernization of the local farm sector to enhance food production and ensure food security. For reason, Agriculture Secretary Francisco Tiu Laurel, Jr. said the government wants...
The Department of Agriculture (DA) has began the construction of the irrigation project in Dona Remedios Trinidad (DRT), Bulacan to enhance agricultural and aquaculture livelihood opportunities for investors. In a statement, Agriculture Secretary Francisco Tiu Laurel Jr. said the P2.43-billion...
